Zimbabwe’s forex receipts hit US$9,7bln in 2021

14

ZIMBABWE’S foreign currency receipts increased from US$6,3 billion in 2020 to US$9,7 billion last year, the highest ever on the country’s books, the Reserve Bank of Zimbabwe (RBZ) has said.
In a Monetary Policy Statement this week, the RBZ governor John Mangudya, said of the US$9,7 billion, US$6,2 billion was from export proceeds.
“The country recorded its highest ever foreign currency receipts of US$9,7 billion in 2021, an increase of 53,5 percent from 2020.
“This performance, which dwarfs the previous record of US$7,6 billion recorded in 2013, is attributable to increased international commodity prices, increased international remittances and the gold incentives put in place by the government,” Mangudya said.